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What is Cardano?

It was started to be developed in 2015, about 6 years ago, but it was put into use in 2017. Cardano is the third generation blockchain platform with a secure structure as well as scalability. This platform has been developed in an open source manner to add flexibility to the blockchain system.Ada, on the other hand, is the crypto currency of the Cardano platform and is named after the first computer programmer Ada Lovelace. Focusing on scalability and maintainability functions, Cardano is also the first decentralized blockchain.

When Did Cardano Appear?

The Cardano platform was created in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. This platform is supported by three separate organizations: the Cardano Foundation, a Swiss-based organization, IOHK and Emurgo, which are under development. The digital currency of this platform is "ADA". Cardano, which has its own program language, is designed to balance the needs of users and the demands of regulators.

How Does Cardano Work?

Cardano uses the Proof of Stake consensus mechanism. This consensus has a structure that takes into account the ownership of digital assets, rather than a system based on computational power. In this consensus structure, there are basic parts called time slots and circuits (epoch). Both circuits are managed by a slot leader who is tasked with creating and validating blocks generated on the Cardano blockchain. Transactions in the blocks are generated by the slot leaders and then approved by the input endorser (input endorser), which is selected depending on the shares. In a circuit, multiple input validators can also be present.

The Cardano platform offers a tiered system, scalability and high security.

What are the Advantages of Cardano?

Cardano uses Proof of Steak or Ouroboros, which was developed on PoS mining, for its mining algorithm. The Ouroboros mechanism is an innovative program that tries to protect users' privacy and create different blockchains.

The purpose of this program is to create an alternative to the Proof of Work system, which takes electricity consumption to gigantic proportions. Therefore, one of the most important advantages of Cardano is the savings it provides on electricity consumption.

Another advantage of Cardano is that it integrates blockchain technology into banking activities. Therefore, the Cardano protocol also provides users with a benefit in terms of practicality.

How to Buy Cardano?

Cardano is listed on many crypto currency exchanges. i use the Binance exchange, which is one of the global exchanges.

How much will cardano be in 2022?

Judging by the analyzes, it is impossible to say for sure whether cardano will be able to start from the beginning of this year until the end, but nevertheless it seems that cardano will continue on its way steadily. We, as possfix, predict that the cardano price may vary between 5-10 dollars at most dec the year. But the opposite of what we are saying may also be possible. Also, what we are saying is not investment advice.


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